The Oil Price Tug Of War

Oil prices remain in a game of tug of war as conflicting
news sends both the bears and the bulls to the sidelines.
(Click to enlarge) (Click to enlarge) Chart of the Week (Click to
enlarge)• In 2015, the U.S. spent the least on energy in over
a decade, largely due to the collapse of oil prices. • In real
terms, the U.S. spent $1.27 trillion on energy in 2015, down 20
percent from a year earlier. • In inflation-adjusted terms, as well
as in terms of percentage of GDP, the expenditures were the lowest
since 2004. Market Movers…

Oil prices remain in a game of tug of war as conflicting
news sends both the bears and the bulls to the sidelines.
(Click to enlarge) (Click to enlarge) Chart of the Week (Click to
enlarge)• In 2015, the U.S. spent the least on energy in over
a decade, largely due to the collapse of oil prices. • In real
terms, the U.S. spent $1.27 trillion on energy in 2015, down 20
percent from a year earlier. • In inflation-adjusted terms, as well
as in terms of percentage of GDP, the expenditures were the lowest
since 2004. Market Movers…